Climate Change Data

SK RENT A CAR CO., LTD

Climate Impact & Sustainability Data (2022-01 to 2022-12)

Reporting Period: 2022-01 to 2022-12

Environmental Metrics

Total Carbon Emissions:895,188 tCO2eq
Scope 1 Emissions:621 tCO2eq (SK Rent-a-Car) + 903 tCO2eq (SK Rent-a-Car Service)
Scope 2 Emissions:1,698 tCO2eq (SK Rent-a-Car) + 25 tCO2eq (SK Rent-a-Car Service)
Scope 3 Emissions:892,869 tCO2eq (SK Rent-a-Car) + 269 tCO2eq (SK Rent-a-Car Service)
Renewable Energy Share:9% (SK Rent-a-Car)
Total Energy Consumption:47,796 GJ (SK Rent-a-Car) + 13,491 GJ (SK Rent-a-Car Service)
Water Consumption:33,176 tons (SK Rent-a-Car) + 976 tons (SK Rent-a-Car Service)
Waste Generated:380 tons (SK Rent-a-Car) + 13 tons (SK Rent-a-Car Service)
Carbon Intensity:717.9 tCO2eq/KRW billion (2022)

ESG Focus Areas

  • Climate change
  • Diversity
  • Governance
  • Customer satisfaction
  • Business partner relations
  • Community engagement

Environmental Achievements

  • Purchased 7,000 EVs in 2022 (including 1,000 in Jeju), exceeding the 5% target with a 6.5% cumulative EV conversion rate.
  • Opened ECO LOUNGE in Jeju, combining a cafe with EV charging stations.
  • Launched EV Link, enhancing EV charging, washing, and parking convenience.
  • Obtained approval for Korea’s first EV-based GHG emission reduction project.
  • Installed additional solar power facilities at logistics centers and garages.

Social Achievements

  • Announced a human rights charter and guidelines.
  • Strengthened employee communication through Values Camp, Culture Survey, and CEO MBWA.
  • Obtained ISO 45001 (Occupational Safety and Health Management System) certification.
  • Expanded ISMS-P (Personal Information & Information Security Management System) certification to cloud services.
  • Ranked 1st in the rental car sector for KS-QEI (Korean Standard Quality Excellence Index) for seven consecutive years.
  • Continued meal support programs for undernourished seniors and children.

Governance Achievements

  • Increased female representation on the BOD to 40% by appointing a new female non-executive director.
  • Obtained ISO 37001 (Anti-Bribery Management System) certification for headquarters, EV Park Jeju, and Anseong sales center.
  • Designated a Chief Compliance Officer and adopted a Compliance Program.

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero emissions by 2040.
Medium-term Goals:
  • Achieve 25% renewable energy by 2025 and 70% by 2028.
  • 100% conversion to EVs for all operational vehicles in Jeju by 2025.
  • Achieve EV100 (100% EV fleet) by 2030.
Short-term Goals:
  • Increase customer satisfaction to 94% by 2023 and 95.5% by 2025.
  • Reduce water consumption
  • Reduce GHG emissions by 4.2% annually until 2025.

Environmental Challenges

  • Climate change impacts (extreme weather, transition risks from ICEVs to EVs)
  • Supply chain disruptions
  • Maintaining high customer satisfaction
  • Ensuring ethical business practices with partners
  • Addressing local community issues
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Implemented a weather management system ('Weather Aria') for proactive disaster response.
  • Established a Customer Value Innovation Division and CV Officer system to address customer concerns.
  • Developed a Code of Conduct for business partners and established a Procurement Review Committee.
  • Implemented various social contribution programs in Jeju and nationwide.

Supply Chain Management

Supplier Audits: 177 locations inspected in the first half of 2022 and 169 in the second half.

Responsible Procurement
  • Code of Conduct
  • Occupational Safety and Health Compliance Pledge
  • Anti-corruption policy (added in 2023)
  • ESG evaluations (starting in 2023)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (typhoons, floods, heavy snow)
Transition Risks
  • Market shifts away from ICEVs
  • Regulatory changes
Opportunities
  • Increased demand for EVs
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD, SASB

Certifications: ISO 14001, ISO 45001, ISO 37001

Third-party Assurance: Korea Management Registrar (KMR)

UN Sustainable Development Goals

  • Goal 8: Decent Work and Economic Growth
  • Goal 11: Sustainable Cities and Communities
  • Goal 13: Climate Action
  • Goal 16: Peace, Justice and Strong Institutions
  • Goal 3: Good Health and Well-being

The A+MAZE strategy aligns with these SDGs through initiatives related to job creation, sustainable mobility, climate action, ethical governance, and employee well-being.

Sustainable Products & Innovation

  • Electric vehicles
  • TAGO PAY (usage-based pricing)
  • TAGO BUY (used car rental with purchase option)
  • EV Link
  • O2O On-Site Maintenance Service

Awards & Recognition

  • Minister of Environment Award for “2022 Corporate Excellence Performance of Conversion to Zero-emission Vehicles”